Brazil Senate closer to Petrobras corruption probe
Comments OffBrazil’s Senate agreed on Thursday to move ahead with a long-delayed corruption probe of state oil company Petrobras (PETR4.SA) that is unlikely to harm the company’s massive offshore oil developments but which could slow key energy legislation.
The inquiry was originally announced in May, but partisan wrangling delayed the proceedings.
“The (Senate) President Jose Sarney convoked the [...]
China, Brazil Sign Oil Deal
Comments OffChina has agreed to lend $10 billion to Brazil’s Petrobras, in return for guaranteed oil supply over the next decade. The deal was among a host of agreements signed during Brazilian President Luiz Inacio Lula da Silva’s state visit to China, which ends Wednesday.
Brazil’s president Luiz Inacio Lula da Silva toasts with China’s President [...]
Brazil currency gains "cause for concern"
Comments OffRally in Brazil’s real a “cause for concern”
* Mantega sees c.bank continuing to buy dollars
* Brazil interest rates should continue to fall (Adds currency performance, central bank interventions)
SAO PAULO, May 22 (Reuters) – Recent gains in the Brazilian currency BRBY are a “cause for concern,” but also reflect international investors’ growing interest in the nation’s [...]
